Alleima Ab · OMXSTO:ALLEI
Alleima Ab — Investor Day (November 2023)
88 slides from Alleima Ab's investor day presentation, Nov 14, 2023
Slide 1: Alleima Capital Markets Day 2023
Alleima Capital Markets Day 2023 November 14, Capital 2023 Markets Day
Slide 2: Safety first
Alleima Capital Markets Day 2023 2 Safety first At Alleima our objective is zero harm to our people, Protective equipment Emergency number Psychological safety the environment we work in, our customers and our suppliers. First aid kit Emergency exit Alarm Assembly point Health & well-being Speak Up
Slide 3: Agenda
Alleima Capital Markets Day 2023 3 Agenda 14:00 – 15:00 Alleima – Advancing together Göran Björkman, President and CEO 15:00 – 15:30 Financial performance Olof Bengtsson, CFO 15:30 – 16:00 Break 16:00 – 16:30 Division Kanthal Robert Stål, President Kanthal 16:30 – 17:00 Q&A 17:00 – 18:00 Mingle
Slide 4: Alleima
Alleima
Slide 5: Alleima – Advancing together
Alleima Capital Markets Day 2023 5 1 Alleima – Advancing together A world-leading manufacturer of advanced stainless steels, special alloys and heating systems for the most demanding industries Göran Björkman, President and CEO
Slide 6: Well-positioned for profitable growth and continued improvements
Alleima Capital Markets Day 2023 6 Well-positioned for profitable growth and continued improvements Today’s key messages Niche-player with a premium Significant profitable growth Cash generation and capital offering based on leading opportunities in high-value allocation fuel shareholder metallurgy
Slide 7: Who we are – a niche player in niche markets
Alleima Capital Markets Day 2023 7 Who we are – a niche player in niche markets Total steel Stainless steel Advanced stainless market market steel market Niche player with large share of high 1,900 50 2-4 refined products for several customer segments Million tonnes ― Advanced stainless steel Specia
Slide 8: Diversified customer segment exposure reduces volatility
Alleima Capital Markets Day 2023 8 % of total revenues 2022 Diversified customer segment exposure reduces volatility Serving ten customer segments 25% 17% 16% 12% 10% Industrial Oil and Gas Chemical and Industrial Heating Consumer Petrochemical 7% 5% 4% 3% 1% Nuclear Mining and Transportation Medica
Slide 9: Market leading positions
Alleima Capital Markets Day 2023 9 Market leading positions Critical components in our customers processes and applications #1 #2 #1 #1 #1 Industrial Heating Medical wire and Umbilical tubing Steam generator Titanium tubing for solutions components tubing aerospace Applications Note: Market position
Slide 10: What makes our offering world-class?
Alleima Capital Markets Day 2023 10 What makes our offering world-class? The premium offering is based on industry-leading metallurgy With technology leadership comes price leadership Alleima products are often a small share of Integrated value From industry-leading metallurgy expertise and global f
Slide 11: The integrated value chain
Alleima Capital Markets Day 2023 11 The integrated value chain ~85% Self-sufficient through own primary melting High level of refinement means high profitability Customer interaction Primary Hot Cold Finishing Sales & melting working working marketing Rolling & Rolling & forging extrusion R&D Low Hi
Slide 12: Capacity prioritization to maximize value
Alleima Capital Markets Day 2023 12 Illustrated production flow for customer segments Capex / growth Targeted investments segments Production flow Other segments Capacity prioritization to maximize value Contribution business, mainly Industrial segment Customer Eg. tubular Eg. billets & blooms Custo
Slide 13: A solid financial development
Alleima Capital Markets Day 2023 13 A solid financial development REVENUES ADJ. EBIT MARGIN, % FREE OPERATING CASH FLOW NWC, % OF REVENUES 20,790 10.2% 2,089 34.3% Q3 R12 2023 SEK M, Q3 R12 2023 Q3 R12 2023 SEK M, Q3 R12 2023 Revenues Adj. EBIT Free operating cash flow Net working capital SEK M SEK
Slide 14: A solid long-term strategy that remains intact
Alleima Capital Markets Day 2023 14 A solid long-term strategy that remains intact Four strategic pillars Profitable Materials Operational Industry- growth innovator & and commercial leading technology excellence sustainability leader Common operating model In-house R&D — Fully integrated value chai
Slide 15: Sustainability is fully integrated in the strategy
Alleima Capital Markets Day 2023 15 2 Sustainability is fully integrated in the strategy
Slide 16: Lowering our environmental footprint
Alleima Capital Markets Day 2023 16 Lowering our environmental footprint Low greenhouse gas intensity compared to peers From scrap to product Peers 1 200 t CO2e/MEUR 900 600 300 0 Scrap steel Alleima products Climate - CO2 emissions Circularity - high degree of recycled steel Thousand Thousand tonne
Slide 17: Alleima
Alleima
Slide 18: A sustainable product portfolio
Alleima Capital Markets Day 2023 18 A sustainable product portfolio Innovation advancing sustainability Advanced material serving a sustainable development in the society Hydrogen Energy transition Electrification of industry Life-changing innovations Solutions for the growing Solutions for renewabl
Slide 19: Clear building blocks for continued value creation
Alleima Capital Markets Day 2023 19 3 Clear building blocks for continued value creation
Slide 20: Key pillars in the strategy for profitable growth
Alleima Capital Markets Day 2023 20 Key pillars in the strategy for profitable growth In targeted end markets And other important “must wins” in core business Grow Industrial heating Maintain leadership in Oil and Gas Accelerate Medical Growth and mix focus in business growth other segments Strength
Slide 21: Prioritized segments in focus for capital allocation
Alleima Capital Markets Day 2023 21 Prioritized segment Prioritized segments in focus for capital allocation Four prioritized segments Hydrogen and ― Chemical and Petrochemical Growth Renewable Energy ― Hydrogen and Renewable Energy Industrial Medical Heating ― Medical Chemical and ― Industrial Heat
Slide 22: Capital allocation
Alleima Capital Markets Day 2023 22 Capital allocation + Better Alleima average = Alleima average Focus segments in investment decision model Industrial Heating Medical Chemical & Hydrogen & Petrochemical Renewable Energy Market position and growth + + + + Profit level + + + + Capital efficiency + +
Slide 23: Our markets are expected to grow at 7% CAGR until 2027
Alleima Capital Markets Day 2023 23 Our markets are expected to grow at 7% CAGR until 2027… Customer segments growth Serviceable addressable market (SAM) CAGR 2022-2027 * size and growth Chemical and Hydrogen and Petrochemical Renewable Energy SEK B 7% CAGR CAGR 7% CAGR 49% 166 156 155 Medical Indus
Slide 24: Improved product mix with higher revenues from targeted segments
Alleima Capital Markets Day 2023 24 …indicating an improved product mix with higher revenues from targeted segments… Current revenue split Revenue split ambition** ― Grow in line with or above targeted end markets ― Includes targeted segments ~32% as well as attractive niches ~45% across the busines
Slide 25: …and reduced cyclicality
Alleima Capital Markets Day 2023 25 Revenues 2015-2023* Illustrative …and reduced cyclicality… Group Chemical and Petrochemical 2015 2016 2017 2018 2019 2020 2021 2022 R12 Q3 2015 2016 2017 2018 2019 2020 2021 2022 R12 Q3 2023 2023 Other Medical 2015 2016 2017 2018 2019 2020 2021 2022 R12 Q3 2015 20
Slide 26: …and unlocked potential for margin improvement
Alleima Capital Markets Day 2023 26 ….and unlocked potential for margin improvement Higher margins in targeted segments Leverage on increased topline Improved mix within most segments and efficiency Operational and commercial excellence
Slide 27: Growth will mainly be organic…
Alleima Capital Markets Day 2023 27 Growth will mainly be organic… …with business development, growth investments and M&A focused towards targeted segments M&A on top M&A When adding real synergies Adding capabilities, additional product portfolio or geographical footprint Growth in line with or abo
Slide 28: Growth investments and acquisitions continue to strengthen the company
Alleima Capital Markets Day 2023 28 Growth investments and acquisitions continue to strengthen the company Value M&A Completed Capex / growth investments Capability & Industrial Heating Acquisition: capacity Medical 2023: Acquisition: Expansion 2019-2023: Acquisition 2022: Söderfors Steel
Slide 29: M&A agenda is based on continued growth in our targeted segments
Alleima Capital Markets Day 2023 29 Recent acquisitions Tube Revenues, MSEK Kanthal <100 100-500 M&A agenda is based on continued growth in our targeted segments Bolt-on Forward integration Continued focus on 2019 bolt-on and forward Industrial Heating 2018 integrating acquisitions within our target
Slide 30: Growth investments and acquisitions continue to strengthen the company
Alleima Capital Markets Day 2023 30 Growth investments and acquisitions continue to strengthen the company Value Ongoing activities M&A Completed Capacity Capacity Capacity Capex / growth investments Capability & Expansion 2023-2026: Expansion 2023 - : Expansion 2023 - : Industrial Heating Acq
Slide 31: Increasing SiC capacity will drive further business in Industrial Heating
Alleima Capital Markets Day 2023 31 Increasing SiC capacity will drive further business in Industrial Heating Future Factory (Perth, UK) — Growing demand of electric vehicles and digitalization drives market demand of Li-ion battery and electronics components Current Factory (Perth, UK) Service cent
Slide 32: Business development and R&D strengthens the product portfolio
Alleima Capital Markets Day 2023 32 Business development and R&D strengthens the product portfolio R&D budget focused mainly focused on targeted segments Contribution to new sales by 2030 Illustrative ― Industrial Heating ― Silicon carbide elements, high power applications, modules and cassettes dev
Slide 33: 3.1 Chemical and Petrochemical
Alleima Capital Markets Day 2023 33 3.1 Chemical and Petrochemical
Slide 34: Demand for Chemical and Petrochemical growing significantly
Alleima Capital Markets Day 2023 34 Demand for Chemical and Petrochemical growing significantly Urea production increase to 2030¹ Ethylene production to 2030² PTA production increase to 2025³ % Unit MTPA % 18 350 25 310 16 300 20 14 53% 250 12 201 15 200 10 150 10 8 100 87 6 5 97% 4 40 50 0 2 0 0 20
Slide 35: Critical components for the Chemical and Petrochemical process
Alleima Capital Markets Day 2023 35 Critical components for the Chemical and Petrochemical process Products and applications Differentiation and value-add to customers Fertilizer High-pressure parts of the urea Premium and high-quality offering or other fertilizer tubing production processes Safety,
Slide 36: Key levers for growth in Chemical and Petrochemical
Alleima Capital Markets Day 2023 36 Growth in Chemical and Petrochemical is supported and enabled by the following key levers Realizing growth segment opportunities —Premium alloy qualification in all regional production units relies on aligning with global trends and Premium will enable growth in n
Slide 37: Strengthening regional footprint to capture profitable growth
Alleima Capital Markets Day 2023 37 Strengthening regional footprint to capture profitable growth in Chemical and Petrochemical XX% XX% Expansion in India Expansion in China Broadening offering in US —Investment in existing site Mehsana —Investment in greenfield facility in —Broaden American product
Slide 38: Strengthening the Chemical and Petrochemical position
Alleima Capital Markets Day 2023 38 Strengthening the Chemical and Petrochemical position Strong historical growth for total Chemical and Petrochemical segment… Strong demand from underlying tailwinds Revenues 2015-2023 Illustrative ― Growth of domestic consumption and increased spend ― Asian chemic
Slide 39: 3.2 Hydrogen and Renewable Energy
Alleima Capital Markets Day 2023 39 3.2 Hydrogen and Renewable Energy
Slide 40: The need for energy is increasing and the global energy landscape is changing
Alleima Capital Markets Day 2023 40 The need for energy is increasing and the global energy landscape is changing ― Well postitioned through Worldwide energy consumption¹ Renewable Energy as well as existing World primary energy supply by source² Oil and Gas and Nuclear offering ― A change in the en
Slide 41: Demand is growing significantly
Alleima Capital Markets Day 2023 41 Demand is growing significantly Hydrogen – global production¹ Carbon capture and storage capacity² Solar – global photovoltaic installations³ MtH2/yr M tonnes/yr GW/yr 300 CAGR ‘22-30’ 700 CAGR ‘21-30’ 800 + 14% + 25% 707 250 700 600 550 200 600 500 521 150 500 40
Slide 42: What makes our offering fit for purpose?
Alleima Capital Markets Day 2023 42 In existing portfolio What makes our offering fit for purpose? - Ongoing further development Application demand not applicable Alleima relevant core competences vs. application demands High Low Corrosion Mechanical Hydrogen Surface temperature temperature resistan
Slide 43: Taking a position in Hydrogen and Renewable Energy
Alleima Capital Markets Day 2023 43 Taking a position in Hydrogen and Renewable Energy Revenues 2015-2023* Illustrative Well positioned for the energy segment in total ― Good positioned in the value chain for Hydrogen and Renewable Energy as well as Oil and Gas and Nuclear ― Unique solution for coat
Slide 44: 3.3 Industrial Heating
Alleima Capital Markets Day 2023 44 3.3 Industrial Heating
Slide 45: Demand for electrical heating solutions closely connected with growth in end-markets
Alleima Capital Markets Day 2023 45 Demand for electrical heating solutions closely connected with significant growth in several end-markets Semiconductors Li-ion Solar Global semiconductor market Global Li-ion battery cell Global photovoltaic installations³ B USD value by vertical¹ GWh demand² GW 1
Slide 46: Growing Industrial Heating
Alleima Capital Markets Day 2023 46 Growing Industrial Heating Revenues 2015-2023* Illustrative Ongoing growth investments ― Capacity expansion of silicon carbide heating element (SiC) ― Capacity expansion of process gas heaters and heating modules Business development opportunities 2015 2016 2017 2
Slide 47: 3.4 Medical
Alleima Capital Markets Day 2023 47 3.4 Medical
Slide 48: The medical business have several drivers for growth
Alleima Capital Markets Day 2023 48 The medical business have several drivers for growth Global aging population Health care spending Remote patient monitoring Share of global population aged Global* healthcare spending² Advanced diabetes- and continuous Million 60 years and over¹ B USD B USD glucos
Slide 49: Accelerating growth in Medical
Alleima Capital Markets Day 2023 49 Accelerating growth in Medical Revenues 2015-2023* Illustrative Organic growth ― Establish rapid prototyping labs ― Increase production capacity to meet future demand for medical markets Business development opportunities ― Leverage technology synergies of acquisi
Slide 50: Clear building blocks
Alleima Capital Markets Day 2023 50 Clear building blocks ―Advanced materials and know-how as enabler ―Megatrends play in our favour ―Targeted segments in focus for growth and capital allocation ―Reduced volatility and increased earnings
Slide 51: Financial performance
Alleima Capital Markets Day 2023 51 4 Financial performance Olof Bengtsson, CFO
Slide 52: Financial development: Increased revenues and improved resilience
Alleima Capital Markets Day 2023 52 Financial development Increased revenues and improved resilience SEK M % ― Average organic revenue 25 000 12 growth 2% p.a. Oil and Gas Pandemic downturn downturn 20 000 10 Target of ― Rebound in 2022 and 2023 >9% YTD with organic revenue 8 Adj. EBIT margin growth
Slide 53: Financial development divisions
Alleima Capital Markets Day 2023 53 Financial development divisions Increased revenues and improved resilience ― Average organic revenue growth 3%* ― Average organic revenue growth 6%* ― Average organic revenue growth 6%* ― Average adj. EBIT margin 9.3% ― Average adj. EBIT margin 11.7% ― Average adj
Slide 54: Long-term cash generation
Alleima Capital Markets Day 2023 54 Long-term cash generation Foundation for our future growth ― Track record of good cash flow generation but metal prices have a significant impact ― Contra-cyclical cash flow profile Free operating cash flow, SEK M Cash conversion 2 500 2089 2114 140% 2 000 123% 16
Slide 55: Capital efficiency: Net working capital
Alleima Capital Markets Day 2023 55 Capital efficiency Net working capital ― Net working capital increase due to metal prices and Net working capital currency rates SEK M % ― Continuous focus to improve trough: 8 000 45 ― Inventory management 7 000 40 Ambition of 32,8% 34,3% 35 ~30% ― Max stock targ
Slide 56: Capital efficiency: Tube example
Alleima Capital Markets Day 2023 56 Capital efficiency Tube example ― Successful volume reduction of inventories in Tube division Inventory Tons & value ― Metal prices and currencies impact value ― Ongoing initiatives to reduce physical inventory in every 90 000 7 000 part of the supply chain: 6 000
Slide 57: Capital efficiency: Diving into inventories
Alleima Capital Markets Day 2023 57 Capital efficiency Diving into inventories 9 000 Inventory and metal 60 ― Strong correlation between metal price, currencies and 8 000 basket inventory values 50 7 000 6 000 40 ― Metals in our “standard” basket (volumes) 5 000 30 4 000 3 000 20 ― Iron ~70% 2 000 1
Slide 58: Capital efficiency: Return on capital employed
Alleima Capital Markets Day 2023 58 Capital efficiency Return on capital employed EBIT margin Capital turnover ratio Capital employed excl. cash ― Capital employed excl. cash increase and ROCE mainly due to metal prices and currency rates % x SEK M % ― ROCE excl. cash 8.2% average 14 1,4 18 000 18 2
Slide 59: A strong balance sheet
Alleima Capital Markets Day 2023 59 A strong balance sheet ― Strong balance sheet prerequisite for future growth Net debt/ Equity ― Net cash position of 0.3 BSEK in of Q3 2023 o/w cash 1.2 BSEK ― Manage swings in metal prices and consequently NWC -0.02x Q3 2023 ― Net debt/equity ratio well below max
Slide 60: Capital allocation: Growth investments fit into CAPEX spend
Alleima Capital Markets Day 2023 60 Capital allocation Growth investments fits into CAPEX spend Capex SEK M % 800 MSEK capex guidance for ― 2015-2019 average: 750 MSEK 800 5 2023 or 5.4% of revenues 700 ― 2019-2023 Q3 R12 average: 586 MSEK 4 600 or 3.6% of revenues 500 3 ― Guidance for 2023 CAPEX ~8
Slide 61: Capital allocation policy
Alleima Capital Markets Day 2023 61 Capital allocation policy Strong balance sheet Maintenance CAPEX — Cash flow available for M&A ~400 MSEK + Target: 0.3x Net debt/Equity ~400 MSEK — Available undrawn long term committed financing of 3 BSEK — Net debt to equity not to exceed 0.3x Growth CAPEX Share
Slide 62: Nature of the business: Recap
Alleima Capital Markets Day 2023 62 5 Nature of the business Recap
Slide 63: FX and energy exposures
Alleima Capital Markets Day 2023 63 FX and energy exposures FX Energy ― Main net exposed currencies vs SEK Volatile electricity prices mitigated through: (transaction exposure) ― Hedging ― USD (3 BSEK) ― Energy surcharges to customers ― EUR (2 BSEK) ― Temporary shutdowns in steel mills at peak price
Slide 64: Alloy surcharges and metal price effects in EBIT
Alleima Capital Markets Day 2023 64 Alloy surcharges and metal price effects in EBIT Alloy surcharges on revenues Metal price effect on EBIT ― Main approaches for covering cost for metals when ― Timing difference between setting the purchase setting prices price of the metal, which is included in th
Slide 65: Nickel price as main driver
Alleima Capital Markets Day 2023 65 Nickel price as main driver Nickel price, Metal price effect, USD/ton MSEK ― Nickel is from a value point the most important 40 000 1 000 metal in our products and has the biggest 35 000 500 impact on the metal price effect calculation to 30 000 0 reach the Adjust
Slide 66: Understanding the impact from changing metal prices
Alleima Capital Markets Day 2023 66 Understanding the impact from changing metal prices Metal price trend and how it affects different measures ― Isolating the effect from metal price changes in the business where market price for metal has a direct impact on pricing. ― At constant volumes, mix and
Slide 67: Summary financial performance
Alleima Capital Markets Day 2023 67 Summary financial performance ―Increased revenue and improved profitability and resilience ―Strong cash flow generation ―Solid financial position
Slide 68: Break
Alleima Capital Markets Day 2023 68 Break We’ll start again at 4 pm CET
Slide 69: Division Kanthal
Alleima Capital Markets Day 2023 69 6 Division Kanthal A world-leading industrial heating solution and medical wire component provider Robert Stål, President Kanthal
Slide 70: A world-leading industrial heating solution and medical wire component provider
Alleima Capital Markets Day 2023 70 A world-leading industrial heating solution and medical wire component provider World-leading brand in the area of resistance heating materials, industrial REVENUES ADJ. EBIT ADJ. EBIT margin # FTE’s heating technology and medical materials Strong market posit
Slide 71: A resilient and evolving business
Alleima Capital Markets Day 2023 71 A resilient and evolving business ― Strong growth over the last years Revenues and adjusted EBIT margin ― Improved profit development Revenues, Adj. EBIT, % SEK M ― Delivered on structural growth 5 000 20% ― Earnings resilience over the cycle 4 000 16% ― Acquisiti
Slide 72: A broad industrial heating product portfolio serving various applications
Alleima Capital Markets Day 2023 72 A broad industrial heating product portfolio serving various applications INDUSTRIAL PROCESS GAS HEATING ELEMENT HEATING MODULE & TUBE HEATING MATERIAL HEATER (KW) 1,425 1,425 1,625 1,850 1,350 1,750 1,250 1,250 1,100 PRODUCT Wire / Strip Metallic element SiC elem
Slide 73: Favorable trends amplify the industrial heating market
Alleima Capital Markets Day 2023 73 Favorable trends amplify the industrial heating market and fuel the future demands 5 Market driven by 4 — 1 Shift to sustainable source of energy — 2 Sustainable transportation 1 2 3 Fossil Electric Fossil Electric — 3 Increased automation and digitalization Heati
Slide 74: Growing CAPEX business providing future OPEX sales
Alleima Capital Markets Day 2023 74 Growing CAPEX business providing future OPEX sales I 8% H G Product Group F E ~40% ~35% D C B A 3-6 years Industrial Heating Industrial Heating sales 2017 sales 2022 0 1 2 3 4 5 6 7 8 9 10 CAPEX driven sales Average Element Lifetime, years Note: CAPEX shown as in
Slide 75: Kanthal well positioned to accelerate industry towards green transition
Alleima Capital Markets Day 2023 75 Kanthal well positioned to accelerate industry towards green transition Iron and steel Chemical & Petrochemical Cement Other heavy industries ~7% ~4% ~3% ~8% …of global CO2 emission …of global CO2 emission …of global CO2 emission …of global CO2 emission Process ga
Slide 76: Medical wire and application
Alleima Capital Markets Day 2023 76 Medical wire and application MEDICAL WIRE MEDICAL COMPONENT PRODUCT Ultra-fine medical Multi-filar wire Coated finished Multi-filar Coil Multi-lumen tube Retrieval basket Breast biopsy wire cable marker Contract Manufacturer, Device OEM APPLICATION Catheter, heart
Slide 77: Alleima in the medical application
Alleima Capital Markets Day 2023 77 Alleima in the medical application Gary comment: replace this pic Cochlear Neurostimulation device device Oncology Breast biopsy marker Heart failure device Pacemaker Glucose monitoring device Urology Retrieval basket
Slide 78: Favorable trends amplify the medical market
Alleima Capital Markets Day 2023 78 Favorable trends amplify the medical market and fuel the future demands 3 Market driven by: 1 2 — 1 Aging global demography Medical SAM1 Medical SAM 4 — 2 Increasing insurance coverage in healthcare spending — 3 Growth in remote patient monitoring — 4 Increased us
Slide 79: Share of total product cost and mission critical application
Alleima Capital Markets Day 2023 79 Share of total product cost and mission critical application 100% — Critical in application with early involvement from device development phase 1% — Only small part of the total device cost — Good position to drive price leadership Less then 1% of cost — One-time
Slide 80: Medical M&A strategy
Alleima Capital Markets Day 2023 80 Medical MA strategy Geography Raw material Wire forming Wire components OEM Fill selected component capability gaps with acquisitions and organic development — Accuratech Group (2021) Fortify and grow current position — Endosmart (2022) Presence through product an
Slide 81: Endosmart acquisition
Alleima Capital Markets Day 2023 81 Endosmart in brief Endosmart acquisition ― Germany based manufacturer of medical devices and components made of the shape memory alloy nitinol Forward-integration in the value chain… ― Provides medical device companies with solutions and services in the fields of
Slide 82: Activities from the last 5 years have supported the growth of business
Alleima Capital Markets Day 2023 82 Activities from the last 5 years has supported the growth of business Value Fill the selected capability and geography gaps for medical and industrial heating Strategic Sales presence Partnership Acquisition 2023: Establish 2023: Establish strategic Acqu
Slide 83: Solid activities to grow the business in the coming years
Alleima Capital Markets Day 2023 83 Solid activities to grow the business in the coming years Value Fill the selected capability and geography gaps for medical and industrial heating New Product Sales presence Development Capability Development Establish sales Expansion and launch of New Product off
Slide 84: Summary Kanthal
Alleima Capital Markets Day 2023 84 Summary Kanthal — Market leader with unique product offerings in attractive market niches — Proven financial profile with strong profit growth — Well position in global megatrends — Customer-centric products and solutions — Clear growth agenda both organically and
Slide 85: Q&A
Alleima Capital Markets Day 2023 85 Q&A Göran Björkman, President and CEO Olof Bengtsson, CFO Robert Stål, President Kanthal
Slide 86: Closing remarks
Alleima Capital Markets Day 2023 86 7 Closing remarks Göran Björkman, President and CEO
Slide 87: A clear agenda for profitable growth
Alleima Capital Markets Day 2023 87 A clear agenda for profitable growth Focus on our target segments tailwind from global megatrends Business development Growth and strengthened and R&D market positions Growth investments Increased profits and (Capex) reduced cyclicality Value creating acquisitions
Slide 88: Thank you
Alleima Capital Markets Day 2023 88 Thank you alleima.com